Hello all…
Even though the Bullish Fundamentals are still strong, we can see that the structure has broken and turned bearish as we can see on the h4 chart.
This is similar to 2 weeks ago, where the bears happened because of the increased yield and good news on the vaccine, and as we know the following weeks after that the bulls came back.
We need to be careful and wait and see the next move because the structure of the break might be a false break.
I will be looking for sell setups if new wave peaks form below 1.19320, or buy setups if new valley waves form above 1.20115. And may also scalping when sideways between 1.19320 and 1.20115
Always use a stop loss to protect your equity and trading with your own risk.
Good luck!
If you like my idea, please like and share.
Even though the Bullish Fundamentals are still strong, we can see that the structure has broken and turned bearish as we can see on the h4 chart.
This is similar to 2 weeks ago, where the bears happened because of the increased yield and good news on the vaccine, and as we know the following weeks after that the bulls came back.
We need to be careful and wait and see the next move because the structure of the break might be a false break.
I will be looking for sell setups if new wave peaks form below 1.19320, or buy setups if new valley waves form above 1.20115. And may also scalping when sideways between 1.19320 and 1.20115
Always use a stop loss to protect your equity and trading with your own risk.
Good luck!
If you like my idea, please like and share.